Pet Fitness Care Market Outlook
“The Business Research Company recently published a comprehensive report on the global Pet Fitness Care market size and trend analysis with forecast from 2024 to 2033. It provides a wealth of valuable insights and data, such as share, and market share. It also covers current trends, future opportunities, and important data to succeed in the industry.
According to The Business Research Company, the pet fitness care market size has grown rapidly in recent years. It is expected to grow from $6.42 billion in 2023 to $7.06 billion in 2024 at a compound annual growth rate (CAGR) of 10.0%. Growth during this historical period can be attributed to awareness of pet obesity, the humanization of pets, the rise of the pet wellness industry, urbanization and lifestyle changes, pet insurance coverage, and celebrity influence.
The pet fitness care market size is expected to grow rapidly in the coming years. It is expected to grow to $10.47 billion in 2028 at a compound annual growth rate (CAGR) of 10.3%. Growth over the forecast period can be attributed to the evolution of urban environments, the rise of pet wellness communities, corporate pet wellness programs, and cultural shifts towards active lifestyles. Key trends over the forecast period include pet exercise equipment innovation, animal behavior research, AI and data analytics integration, virtual and remote fitness services, and customized nutrition and fitness plans.
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Market drivers and trends:
The increasing number of pet owners is expected to drive the growth of the pet fitness care market in the coming years. Pet ownership refers to the act of owning and caring for a domestic animal, such as a dog, cat, bird, or fish, as a companion or for recreational or therapeutic purposes. Pet ownership is increasing due to the desire for companionship, animal welfare, health benefits, the influence of social media, and increased awareness of better veterinary care. Pet fitness care is essential to providing pets with a happy and healthy life while enhancing the rewarding experience of owning a pet for individuals and families. For example, in March 2023, Veterinary Practice, a UK-based online knowledge and information provider for veterinary professionals, reported that the number of pets in the UK in 2022 was 35 million compared to 2021. Increased by 9%. , increasing number of pet owners is driving the growth of the pet fitness care market.
Leading companies operating in the pet fitness care market are focusing on developing innovative products such as pet location and activity tracking systems to enhance pet owners’ ability to accurately monitor their pets’ health and fitness levels. I am. The pet location and activity tracking system is designed to monitor and track your pet’s location in real time using GPS technology, as well as track your pet’s activity level, such as steps, calories burned, active time, and rest time. device. For example, Pawfit, a UK-based smart pet tracking solution, launched Pawfit 3, a compact GPS pet location and activity tracker, in April 2024. This new tracker is lightweight, compact, and robust, and is designed for outdoor pets. Features include real-time GPS tracking, activity monitoring, personalized fitness goals, LED light and sound tracking, voice commands for recall, family sharing, and multiple pet tracking. Pawfit 3 uses 4G tracking technology, supports iOS 9.0+ and Android 5.0+, and comes with accessories such as a collar attachment, charging dock, and USB cable. Additionally, the tracker complies with IP68 waterproof standards, making it suitable for use in freshwater and saltwater environments. The Pawfit app allows users to track their pet’s location, monitor activity history, and set fitness goals to ensure their pet’s safety and health.
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• Comprehensive market insights: Stakeholders have access to detailed market statistics, trends, and analysis that help them understand the current and future status of the industry.
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• Competitive Advantage: Detailed competitor analysis and market share information allows stakeholders to identify opportunities to outperform the competition.
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• Global Perspective: The report covers different regions and markets, offering a broad perspective that helps stakeholders expand and succeed in their businesses globally.
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Major key players in the market:
PetSmart Inc., Zoetis Inc., Pawsitive Performance LLC, Hill’s Pet Nutrition Inc., Petmate Holdings Co., Mars Petcare US Inc., Petsafe, Tractive GmbH, PetEdge Inc., Ruff Wear Inc., Alltech Inc., Whistle Labs Inc. , ZippyPaws LLC, Motivation Design LLC, TRIXIE Heimtierbedarf GmbH & Co. KG, FitPAWS Inc., Frolick Dogs LLC, GoPet LLC, Petco Foundation, PetFusion LLC, Canine Hardware Inc., Blue-9 Pet Products Inc., PetZen Products, Nestlé Purina Pet Care Company, Fitbark Co., Ltd.
Key Insights of Pet Fitness Care Market in 2024:
• The pet fitness care market size is expected to grow rapidly in the coming years. It is expected to grow to $10.47 billion in 2028 at a compound annual growth rate (CAGR) of 10.3%.
• Impact of rising pet ownership on the pet fitness care market
• Innovative solutions in pet fitness care drive market growth
• North America will be the largest region in the pet fitness care market in 2023
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